UPDATE: E*TRADE Posts Wider Q4 Loss
January 25, 2013 at 02:03 AM EST
E*TRADE Financial (NASDAQ: ETFC ) reported a wider fourth-quarter loss. E*TRADE posted a quarterly loss of $186.1 million, or $0.65 per share, versus a year-ago loss of $6.3 million, or $0.02 per share. Its net revenue declined to $467.7 million, versus $475 million. However, analysts expected a loss of